TORONTO, April 26,
2024 /CNW/ - Propel Holdings Inc. ("Propel")
(TSX: PRL), the fintech facilitating access to credit for
underserved consumers, announced today that its Co-Founder and
Chief Risk Officer, Dr. Jonathan
Goler, has been recognized with the 2024 Report on Business'
Best Executives Awards for 2024.
The annual ranking celebrates excellence among non-CEO leaders
at the SVP, EVP and C-suite (or equivalent) levels who are making a
strong impact on the business and demonstrate superior leadership
qualities.
As one of Propel's co-founders, Jonathan led the development of
its AI-powered technology platform and serves as Propel's Chief
Risk Officer. Propel's AI-powered platform can assess up to 5,000
consumer data points; evaluate a credit application in under 6
seconds; and process over 40,000 applications a day. In doing so,
the technology can enable the extension of credit to consumers that
traditional credit scores would otherwise overlook, while driving
strong business performance.
In 2023, with a dynamic macro-economic environment, Jonathan,
supported by the risk team, developed new AI models that allowed
Propel and its Bank Partners to approve a record number of new
customers, while improving Propel's loan performance and delivering
the strongest financial results in Propel's history.
"Jonathan is an AI pioneer, who brings integrity, creativity and
discipline to everything he does. Throughout Propel's evolution,
Jonathan has been focused on building industry-leading technology
that allows us to serve more underserved consumers while growing
profitably. As a Co-founder, Jonathan has helped us build Propel
from a bootstrapped start-up to the North American leader it is
today, with over 500 employees and over 750,000 consumers served.
I'm proud to call him a co-founder and friend," Clive Kinross, Propel Co-Founder and CEO.
Jonathan has a PhD from Berkeley and a Masters from the Massachusetts Institute of Technology with a
research focus at the MIT AI Lab on the intersection of computer
science and biology.
The Globe and Mail launched the Report on Business magazine Best
Executive Awards in 2020. Winning executives for 2024 were assessed
by the Report on Business editorial team based on career
background, leadership style, achievements, and impact.
To learn more about the Best Executive Awards program, and to
see this year's winners, please visit the Report on
Business.
About Propel
Propel Holdings (TSX: PRL) is the fintech company building a new
world of financial opportunity for consumers, partners, and
investors. Propel's operating brands — Fora Credit, CreditFresh and
MoneyKey — and our Lending-as-a-Service product line facilitate
access to credit for consumers underserved by traditional financial
institutions. Through its groundbreaking AI-driven platform, Propel
evaluates customers in a more comprehensive way than traditional
credit scores can. The result is better products and an expanded
credit market for consumers while creating sustainable, profitable
growth for Propel. Our revolutionary fintech platform has
already helped consumers access over one million loans and lines of
credit and over one billion dollars
in credit. At Propel, we are here to change the way customers,
partners and investors succeed together. Learn more at
www.propelholdings.com
(www.foracredit.ca, www.creditfresh.com, www.moneykey.com)
SOURCE Propel Holdings Inc.
